Case registered against 16-member gang for trying to exchange old currency

Hyderabad, Telangana: A case has been registered against a 16-member gang for trying to exchange old currency into new denominations.

A probe is currently going on in the matter.

Also Read | Punjab police arrest two associates of Gurpreet Lehmbar and Jassa Nurwala gang

The sixteen member gang was arrested earlier in the day.

According to Inspector Begumpet, the sixteen- member gang brought the old currency of Rs. 1.2 crore in 500 and 1,000 old denominations to exchange with new denominations.

Also Read | Hisar: 3 held with Rs 1.43 cr demonetised currency

On receiving an information, the police reached the spot and arrested the sixteen persons and seized Rs. 1.2 crore of old currency. (ANI)

• #arrest
• #demonitisation
• #gang
• #old currency